Meralco PowerGen Corporation (MGen), the power generation unit of the Manila Electric Company (Meralco) of the Philippines, is still searching for prospective partners for construction of the Atimonan 1200 MW coal-fired power plant in Quezon.
Egypt has secured a first tranche of financing for an €8 billion plan for power plants to be built by Siemens , according to the Egypt Electricity Ministry.
Egypt has signed a deal with Russia for the latter to construct the country’s first nuclear power plant. The deal will be financed through the extension of an already existing loan agreement between the two countries.
French-based banking group, BNP Paribas , has announced that it will double investment in renewable energy from €6.9 billion ($7.38 billion) to €15 billion ($16 billion) in 2020. It also said that it will no longer finance coal extraction projects.